GM Buying Back 200M Shares from Government - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

RJT Impala · 12-20-2012, 09:16 AM

I'm late reading yesterday's news; this may be a duplicate post. Article stated that GM research shows that sales are down because of partial government ownership. Government states that it will sale remaining shares during 2013. GM stock rose apprx 7 percent following the anouncement. Good news.

daveagogo1 · 12-20-2012, 09:28 AM

In before this thread goes the way of the Mayans

CamaroSkooter · 12-20-2012, 09:35 AM

Poor Mayans...

sprtplt · 12-20-2012, 09:37 AM

Quote:

Originally Posted by RJT Impala

. Good news.

Not good news for the taxpayer. We paid the equivalent of $70 a share and now GM gets to "buyback" (some, not even all) at $27. LOL
This will not help with those of us angry at the UAW bailout.

CamaroSkooter · 12-20-2012, 09:42 AM

Taxpayers should be mad at the government for buying shares in the first place, not at GM for trying to get out from under the government's thumb.

Direct your anger appropriately

matt55 · 12-20-2012, 09:45 AM

Quote:

Originally Posted by CamaroSkooter

Taxpayers should be mad at the government for buying shares in the first place, not at GM for trying to get out from under the government's thumb.

Direct your anger appropriately

Oh I'm

GB EB · 12-20-2012, 10:48 AM

Quote:

Originally Posted by sprtplt

Not good news for the taxpayer. We paid the equivalent of $70 a share and now GM gets to "buyback" (some, not even all) at $27. LOL
This will not help with those of us angry at the UAW bailout.

Remember that when the President brags on how the taxpayers have been "fully paid back" for the bail out.

CamaroSkooter · 12-20-2012, 10:57 AM

I didn't get a check :emoticon7:

*Mr. Wyndham* · 12-20-2012, 01:37 PM

Quote:

Originally Posted by CamaroSkooter

I didn't get a check :emoticon7:

Did you write out a check in the first place?

J.K.

...I'm just happy this will be over and done with, finally...

CamaroSkooter · 12-20-2012, 01:43 PM

I didn't have a say, they just removed it straight from my paycheck

SleepWarz · 12-20-2012, 03:51 PM

Well if you don't like it I hear in some places of Africa taxes are optional. Depending on your warlord in charge.

King Sun · 12-20-2012, 04:49 PM

IBTL

Angrybird 12 · 12-20-2012, 04:53 PM

I would rather see the government give money to a company that keeps people working than to a bunch of lazy bums that refuse to get any kind of job.

*DGthe3* · 12-20-2012, 07:36 PM

Quote:

Originally Posted by sprtplt

Not good news for the taxpayer. We paid the equivalent of $70 a share and now GM gets to "buyback" (some, not even all) at $27. LOL
This will not help with those of us angry at the UAW bailout.

No you didn't. Some 900 million shares in exchange for 50 billion works out to about $55/share. 70/share is what is needed for the remaining 300 million shares in order to break even.

12-20-2012, 09:16 AM	#1
RJT Impala Stovebolt BluFlame 6 Drives: '12 2LT/RS, IBM; '20 Traverse Prem Join Date: Oct 2011 Location: Wherever! Posts: 893 View My Garage	GM Buying Back 200M Shares from Government I'm late reading yesterday's news; this may be a duplicate post. Article stated that GM research shows that sales are down because of partial government ownership. Government states that it will sale remaining shares during 2013. GM stock rose apprx 7 percent following the anouncement. Good news.

12-20-2012, 09:35 AM	#3
CamaroSkooter Retarded One-Legged Owl Drives: 2010 Black Camaro 2SS Join Date: Oct 2008 Location: San Antonio, TX Posts: 9,745	Poor Mayans... __________________ My VIN = 2G1FK1EJ9A9105017 Build Date: 04-23-2009 according to: http://www.compnine.com/vid.php

12-20-2012, 09:42 AM	#5
CamaroSkooter Retarded One-Legged Owl Drives: 2010 Black Camaro 2SS Join Date: Oct 2008 Location: San Antonio, TX Posts: 9,745	Taxpayers should be mad at the government for buying shares in the first place, not at GM for trying to get out from under the government's thumb. Direct your anger appropriately __________________ My VIN = 2G1FK1EJ9A9105017 Build Date: 04-23-2009 according to: http://www.compnine.com/vid.php

12-20-2012, 10:57 AM	#8
CamaroSkooter Retarded One-Legged Owl Drives: 2010 Black Camaro 2SS Join Date: Oct 2008 Location: San Antonio, TX Posts: 9,745	I didn't get a check :emoticon7: __________________ My VIN = 2G1FK1EJ9A9105017 Build Date: 04-23-2009 according to: http://www.compnine.com/vid.php

12-20-2012, 01:43 PM	#10
CamaroSkooter Retarded One-Legged Owl Drives: 2010 Black Camaro 2SS Join Date: Oct 2008 Location: San Antonio, TX Posts: 9,745	I didn't have a say, they just removed it straight from my paycheck __________________ My VIN = 2G1FK1EJ9A9105017 Build Date: 04-23-2009 according to: http://www.compnine.com/vid.php

12-20-2012, 03:51 PM	#11
SleepWarz Banned Drives: 1991 New Yorker, 69 Tbird, ABM2SSRS Join Date: May 2009 Location: BC Canada Posts: 2,248 View My Garage	Well if you don't like it I hear in some places of Africa taxes are optional. Depending on your warlord in charge.

12-20-2012, 04:49 PM	#12
King Sun Casual Camaro Owner Drives: 2010 Black LS V6 Join Date: Jan 2010 Location: Jacksonville Fl Posts: 1,090	IBTL

12-20-2012, 04:53 PM	#13
Angrybird 12 7 year Cancer Survivor! Drives: 17 Cruze RS, 07 G6 GT, 99 Astro Join Date: Dec 2007 Location: East Tennessee Posts: 21,547	I would rather see the government give money to a company that keeps people working than to a bunch of lazy bums that refuse to get any kind of job. __________________ Cancer's a bitch! Enjoy life while you can! LIVE, LOVE, DRIVE... The Bird is the word!